Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of WeRide Inc.

Rhea-AI Summary

Deutsche Bank has been appointed as the depositary bank for WeRide Inc.'s (NASDAQ: WRD) American Depositary Receipt program. WeRide, headquartered in Guangzhou, China, is a provider of autonomous driving solutions from Level 2 to Level 4, serving mobility, logistics, and sanitation industries. The Level III ADR program trades on NASDAQ under the symbol WRD, with a ratio of 1 ADS representing 3 Class A Ordinary shares. The program became effective on October 28, 2024, with Deutsche Bank AG's Hong Kong Branch serving as the custodian bank.

Positive

• Successfully listed Level III ADR program on NASDAQ, providing access to US capital markets
• Partnership with major financial institution Deutsche Bank as depositary bank

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Deutsche Bank announced today its appointment as depositary bank for the NASDAQ-listed American Depositary Receipt program of WeRide Inc.

WeRide Inc. (NASDAQ: WRD) provides autonomous driving products and services from Level 2 to Level 4, addressing transportation needs across a wide range of use cases on open road, including in mobility, logistics, and sanitation industries. Its corporate headquarters are located in Guangzhou, China.*

In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

* This information was provided by WeRide Inc. (October 2024).

Depositary Receipt Information
Country			Cayman Islands holding company with operations mainly conducted by subsidiaries in mainland China
Custodian Bank			Deutsche Bank AG, Hong Kong Branch
Effective Date			October 28, 2024
Level III ADR
CUSIP			950915 108
ISIN			US9509151083
Symbol			WRD
Exchange			NASDAQ
Current Ratio			1 ADS: 3 Class A Ordinary shares
Eligibility			DTC

Depositary Receipt Contacts
New Business Development
William Ng
Tel: +852 2203 7889
www.adr.db.com	Markets Distribution
adr@db.com	London
	Tel: +44 (0) 20 7547 6500
gtb.db.com	New York
	Tel: +1 212 250 9100

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© October 2024 Deutsche Bank AG. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241028528285/en/

For further information, please contact:

Deutsche Bank AG

Press & Media Relations

Dylan Riddle

Tel. +12122504982

Cell. +1(904)3866481

Email dylan.riddle@db.com

Source: Deutsche Bank

FAQ

What is the ADR ratio for WeRide Inc. (WRD) shares?

WeRide Inc.'s ADR program has a ratio of 1 ADS representing 3 Class A Ordinary shares.

When did WeRide Inc. (WRD) ADR program become effective?

WeRide Inc.'s ADR program became effective on October 28, 2024.

What exchange is WeRide Inc. (WRD) ADR listed on?

WeRide Inc.'s ADR is listed on the NASDAQ exchange under the symbol WRD.

What type of ADR program does WeRide Inc. (WRD) have?

WeRide Inc. has a Level III ADR program.